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the obama economy is booming. all right. we'll get into that and a whole lot more. but first here is the latest from lisa ferguson. good morning. >> hey bill good morning, everyone. hope you all had a happy thanksgiving and just in case you did not get enough shopping in on black friday said is siber monday when retailers will post all of their sales online. the white house is releasing a report on the impact of middle class tax cuts on consumer spending. as we know with all of this talk of the fiscal cluf tax cuts are set to spike at the beginning of next year. according to the new report allowing middle class tax rates to group, along with allowing the current tax cut to expire would change the gdp. this is all part of the president's effort to extent the burr-era tax cuts for americans making less than $250,000 a year, all while incriesing taxes on the wealthy. it seems some members of the dgdp could be coming around and be ready to go against the grover norquist pledge. more bill press after the break. stay with us. you're about to watch an viewer created ad mes
the obama economy is booming. all right. we'll get into that and a whole lot more. but first here is the latest from lisa ferguson. good morning. >> hey bill good morning, everyone. hope you all had a happy thanksgiving and just in case you did not get enough shopping in on black friday said is siber monday when retailers will post all of their sales online. the white house is releasing a report on the impact of middle class tax cuts on consumer spending. as we know with all of this talk...
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we're trying to help the economy. unless i'm convinced raising tax rates will be beneficial, obviously i think there's reason and grounds for my position. i also believe that we can and must get an agreement, otherwise i think first of all the markets are going to start reacting. >> chris: we'll talk about that in the next segment. finally the g.o.p. republicans had a rough night on election night. let's look at the breakdown of the numbers. you lost unmarried women by 36 points. hispanics by 44 points. young people by 23 points. does your party need to change, especially in its outreach to those groups on social issues like same-sex marriage and immigration reform? >> we have to have a bigger tent. no doubt about it. obviously we have to do immigration reform. there's no doubt whatsoever that the demographics are not on our side and we have to give a much more positive agenda. it can't be just being against the democrats and against harry reid and against obama. you have to be for things. we have to give them the con
we're trying to help the economy. unless i'm convinced raising tax rates will be beneficial, obviously i think there's reason and grounds for my position. i also believe that we can and must get an agreement, otherwise i think first of all the markets are going to start reacting. >> chris: we'll talk about that in the next segment. finally the g.o.p. republicans had a rough night on election night. let's look at the breakdown of the numbers. you lost unmarried women by 36 points....
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we are trying to help the economy. and, so, unless i can be convinced that raising tax rates will be beneficial, then obviously i think there's reason and ground for my position. but, i also believe that we can and must get an agreement, otherwise i think first of all, the markets are going to start reacting. >> chris: we'll talk about that in the next segment, and i think it is a real issue. finally, let's talk about the g.o.p. republicans, i don't have to tell you, had a really rough night on election night. and let's look at the break down of some of the numbers. you lost unmarried women by 36 points, hispanics, by 44 points. young people, by 23 points. does your party need to change, especially, with those groups, on social issues like same sex marriage and immigration reform? >> i think we have to have a bigger tent. no doubt about it. and, obviously we have to do immigration reform. there is no doubt whatsoever that the demographics are not on our side. and, we are going to have to give a much more positive agend
we are trying to help the economy. and, so, unless i can be convinced that raising tax rates will be beneficial, then obviously i think there's reason and ground for my position. but, i also believe that we can and must get an agreement, otherwise i think first of all, the markets are going to start reacting. >> chris: we'll talk about that in the next segment, and i think it is a real issue. finally, let's talk about the g.o.p. republicans, i don't have to tell you, had a really rough...
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. >> grow this economy and engage in tax reform. >> simplify the code. >> ywhen you get divorced, thats what happens. ♪ >> welcome back after the thanksgiving holiday and all eyes are on the fast approaching fiscal cliff with republicans possibly maybe looking to make a deal. with the deadline now just 36 days away, some top republicans suggest they could, shock, horror, break with their sacred pledge to grover norquist. >> i'm not obligated on the pledge i made tennesseans aware is just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have elected -- re-elected me, it is not about that pledge. it really is about trying to solve problems. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> sounds great, doesn't it? only one proble
. >> grow this economy and engage in tax reform. >> simplify the code. >> ywhen you get divorced, thats what happens. ♪ >> welcome back after the thanksgiving holiday and all eyes are on the fast approaching fiscal cliff with republicans possibly maybe looking to make a deal. with the deadline now just 36 days away, some top republicans suggest they could, shock, horror, break with their sacred pledge to grover norquist. >> i'm not obligated on the pledge i made...
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the impact of all that you do has an impact on our job situation and local economy, and to highlight all of the great work that we can do together to ensure that the sectors that you all represent, the sectors that you work for, that you employ people for connaught is one of the greatest sectors in san francisco. i hope we will take the opportunity of the america's cup to showcase our clubs, our restaurants, our nightlife events. as someone who represents the broadaway neighborhood, an area of town that i used to spend a lot of time in when i was in my 20's -- but actually, very few locals take the time to head to the beach on broadway. our neighborhoods are coming together to say that broadway is open to the rest of the world as well as san francisco. i want to put san francisco back on the map when it comes to music. to make sure that we have the type of entertainment that we used to be renowned for. and those of you that work in our bars and clubs, i want to make sure that we are trading the kind of destinations that we look forward to spending time with you. i know on behalf of m
the impact of all that you do has an impact on our job situation and local economy, and to highlight all of the great work that we can do together to ensure that the sectors that you all represent, the sectors that you work for, that you employ people for connaught is one of the greatest sectors in san francisco. i hope we will take the opportunity of the america's cup to showcase our clubs, our restaurants, our nightlife events. as someone who represents the broadaway neighborhood, an area of...
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net net is no good long-term effects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make money they borrow on the short end meang they borrow at the low end of interest rates and blended out on a long end meaning the consumer will pay off higher interest-rate and banks make the spread. interest rate curve is not even occur but a flat board. and to be a little more conservative with lending and ben bernanke saying no banks, led to everybody to comes to your door. gerri: we saw how well that worked out last time it happened. >> that is one of the problems we had in 2007-2008 and even in the late 90s and early 2,000s. banks lend toeverybody an
net net is no good long-term effects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make...
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we need fit tr economy. yes, you're right. for the working poor in this country, it's a group that's bigger than ever thanks to the big recession and needs good deals on things. but the flip side is to have these stores open on friday or thursday, you're taking other members of the working poor and taking them away from their families and saying because the store down the street is open, we've got to be open, you've got dom in, walmart, with ee going to give you bad hours the rest of the year and make you come in on thursday and friday. like you i skipped black friday and monday but small business saturday i was there. >>> up next he's one of america's favorite founding fathers but did thomas jeff eson have a dark side? the author behind a new book generating controversy joins us next. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse g
we need fit tr economy. yes, you're right. for the working poor in this country, it's a group that's bigger than ever thanks to the big recession and needs good deals on things. but the flip side is to have these stores open on friday or thursday, you're taking other members of the working poor and taking them away from their families and saying because the store down the street is open, we've got to be open, you've got dom in, walmart, with ee going to give you bad hours the rest of the year...
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how long as the economy going to be in weak condition? but also, what is the fed's response -- how is the fed going to respond to economic conditions? those two things are conflicted with the date. we recognize that. we have tried to address that a bit in our language that i mentioned in my remarks, going back to september when we said that air date with respect to the rate beginning to rise is mid-2015, but we also make clear we anticipate raising rates only after the economic recovery has begun to strengthen. clearly, an important reason why we are looking to hold rates low for almost three years is we want to be particularly sure not to take away accommodation before the hour economy has established an upward momentum, so to speak. different ways to communicate that information -- one would be to provide specific numbers on what economic conditions would make us consider the prospect of removing accommodation. several people on the committee have made suggestions. this is something we are looking at very carefully. it does have the adv
how long as the economy going to be in weak condition? but also, what is the fed's response -- how is the fed going to respond to economic conditions? those two things are conflicted with the date. we recognize that. we have tried to address that a bit in our language that i mentioned in my remarks, going back to september when we said that air date with respect to the rate beginning to rise is mid-2015, but we also make clear we anticipate raising rates only after the economic recovery has...
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they're trying to show you just how important all that money is in the economy if you have those taxes rise on the middle class. it's really, john, the latest from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alone. and so these two kind of the 1-2 punch from the white house perspective, at least, today on what we should be doing in debt talks. >> buffett is interesting. he said he doesn't think it will be that big a deal if we go off the cliff. >> he says don't worry about raising taxes on investments and income from investments. he said, i will do a good deal, because it's a good deal. not because my taxes are going to be a certain rate. so he has pounded this -- b
they're trying to show you just how important all that money is in the economy if you have those taxes rise on the middle class. it's really, john, the latest from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new...
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they can't afford to let the economy go off the cliff we're all talking about. they can't afford to have $600 billion of fiscal contraction in this economy. >> so, you and ed seem to disagree about what they might get done but do you disagree on how to invest right now? he says you have to be fully invested here. >> we are fully invested. we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bond
they can't afford to let the economy go off the cliff we're all talking about. they can't afford to have $600 billion of fiscal contraction in this economy. >> so, you and ed seem to disagree about what they might get done but do you disagree on how to invest right now? he says you have to be fully invested here. >> we are fully invested. we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an...
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it is sort of a minor problem in the grand scheme of the economy. it is really about .1% of the taxpayers and it's maybe $5 billion to $10 billion a year. relative to a $1 trillion deficit -- not saying it's nothing, but it's just such a tiny amount -- >> people at his income level are paying that. >> i have to say, if we're going to have a big tax debate, let's have one that really matters, now about this warren buffett rule which won't raise enough revenue to make a dime's worth of difference whether it comes to the federal budget. let's figure out what do we want to use our tax code for and what do we have to change to make it do that. >> let's move on to the next one which would put you in -- give you a real tax problem here. the powerball jackpot set for a record $425 million this wednesday. no winner over the weekend. what would you do with a half billion that came as a windfall to you? >> first thing i'd do, i'd give everybody i know a lot of money and say don't come back again. here you go. i'm going to seed all your brilliant ideas but that
it is sort of a minor problem in the grand scheme of the economy. it is really about .1% of the taxpayers and it's maybe $5 billion to $10 billion a year. relative to a $1 trillion deficit -- not saying it's nothing, but it's just such a tiny amount -- >> people at his income level are paying that. >> i have to say, if we're going to have a big tax debate, let's have one that really matters, now about this warren buffett rule which won't raise enough revenue to make a dime's worth...
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economy and how do we get us back to that and, two, how do you solve a problem? >> second big development. a growing number of liberal democrats say they're willing to risk going off the cliff to make sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you sign 20 years ago, 18 years ago, is for that congress. if i were in congress in 1841 i would have supported declaration of war against japan. i won't attack japan today. the world changed and the economic situation is different. >> i am not oblg gate on the pledge. i was just elected. the only thing i am honoring is the oath that i take when i serve when i am sworn in in january. >> chambliss already made a similar statement last week. the question is is this a real softening of positions? does it give them room to make deal. >
economy and how do we get us back to that and, two, how do you solve a problem? >> second big development. a growing number of liberal democrats say they're willing to risk going off the cliff to make sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the...
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the mexican economy, it acts fantastic. this is my favorite rail for a year and i continue to like it. this is like a 401(k) plan. a long-term investment. i don't know why there's so much volume in it, happen to love this stock. there'there is a new panama canl opening. they are positioned better. tracy: that to be charles payne last pic. love you, charles. we have to check on the market as we do every 15 minutes. nicole petallides on the floor of the exchange. talking some of financial names. nicole: let's take a look at knight capital, a name that has gotten a lot of headlines this year, particularly back in august when there was a trading glitch. today the headlines are surrounding knight capital. and whether virtue financial, others perhaps maybe by the market. and there was talks maybe the whole firm of knight capital was available. all this chatter is enough to boost the stock dramatically. up nearly 18% today. great move there. when you take a look at barclays coming under fire by some shareholders, maybe barclays sh
the mexican economy, it acts fantastic. this is my favorite rail for a year and i continue to like it. this is like a 401(k) plan. a long-term investment. i don't know why there's so much volume in it, happen to love this stock. there'there is a new panama canl opening. they are positioned better. tracy: that to be charles payne last pic. love you, charles. we have to check on the market as we do every 15 minutes. nicole petallides on the floor of the exchange. talking some of financial names....
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economy will plunge back into recession. this sounds plausible to many people because it's roughly speaking what happened to greece but we're not greece. he's saying while this is a real dynamic for some countries, it is not because of the way we fund ourselves, is that right, ben? >> that's right. i would say morning munnize not actually by given name. >> i didn't know that. >> he's right, we're not greece, we're a much larger economy. we can grow our way out of debts and deficits. we've got a ginormous economy. we had a huge black friday weekend. probably $600 billion for the total shopping over the holidays. the question is, as we get close and getting into december, if it looks like talks are breaking down and we have the same old lines on no tax increases for the wealthy versus no spending cuts at all on the left on social security or medicare, then you get people getting nervous. the markets get service, the markets sell off, we have a problem. if we go into january and there's the basic broad outlines of a deal that w
economy will plunge back into recession. this sounds plausible to many people because it's roughly speaking what happened to greece but we're not greece. he's saying while this is a real dynamic for some countries, it is not because of the way we fund ourselves, is that right, ben? >> that's right. i would say morning munnize not actually by given name. >> i didn't know that. >> he's right, we're not greece, we're a much larger economy. we can grow our way out of debts and...
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we are trying to help the economy. unless i can be convinced that raising tax rates will be beneficial then i believe there are reasons and grounds for my position. >> a handful of republicans have signaled a willingness to break their bridge to raise revenues. they include a senator from georgia. as you've said senator lindsey graham from south carolina, representative peter king of new york. king spoke out on "meet the press" yesterday about his change of heart. >> if i were in congress in 1941 i would have signed the declaration of war against japan, i'm not going to attack japan today. the world is changed and the economic situation is different. ronald reagan and tip o'neal realized that in the 1980s. i think everything should be on the table. i'm "posed to tax increases. the speaker, the majority leader and president will be in a room trying to find the best package. i'm not going to prejudge it. >> reporter: king added that we should be taking iron-clad positions in these negotiatings. martha: and all of these p
we are trying to help the economy. unless i can be convinced that raising tax rates will be beneficial then i believe there are reasons and grounds for my position. >> a handful of republicans have signaled a willingness to break their bridge to raise revenues. they include a senator from georgia. as you've said senator lindsey graham from south carolina, representative peter king of new york. king spoke out on "meet the press" yesterday about his change of heart. >> if i...
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good afternoon. i'm taylor mathson with your cnbc market wrap. the dow falls 42, the s&p loses 2, and the nasdaq added 9. shares of ebay jumped nearly 5% on expectations of a very busy cyber monday. online sales are expected to total $1.5 billion today. that's up almost 20% from last year. >>> and yahoo! hit a 2 1/2 year high of $19 a share earlier before falling back slightly. goldman sachs raised his price target on that long time beleaguered stock to $24 a share. >>> that's it from cnbc, first in business worldwide. now back to "hardball." ♪ >>> welcome back to "hardball." anti-tax crusader grover norquist has been called the most powerful man in washington but is his influence on the wane? >> i'm not obligated on the pledge. made tennesseans aware, i was just elected, the only thing i'm honoring is the oft i take when i'm sworn in this january. >> when you're $16 trillion in debt, the only p
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good afternoon. i'm taylor mathson with your cnbc market wrap. the dow falls 42, the s&p loses 2, and the nasdaq added 9. shares of ebay jumped nearly 5% on expectations of a very busy cyber monday. online sales are expected to total $1.5 billion today. that's up almost 20% from last year. >>> and...
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the economy slows down, courtesy of the fiscal cliff. fedex will still have a reason to go higher because of the restructuring. because we know the company's already cost cutting its way to better earnings. fedex also is a china kicker and we like that. company gets 30% of its sales from overseas, mainly from asia. but also some europe and latin america. you know, i think the chinese economy is in the process of coming in for a soft landing which is incredibly bullish. look, this weekend we got more positive data from china. now that the leadership transition has happened in the communist party, i think the chinese government could be more aggressive about stimulating the economy since they seemed to have got their inflation situation whipped and a rebound in china's economy, what a reason to own fedex in itself. last but not least, i think fedex is worth buying here because the price is right. at the moment the stock is trading at 11 times earnings. we're 20% below where u.p.s. is trading. it isn't that much better. u.p.s. is not that m
the economy slows down, courtesy of the fiscal cliff. fedex will still have a reason to go higher because of the restructuring. because we know the company's already cost cutting its way to better earnings. fedex also is a china kicker and we like that. company gets 30% of its sales from overseas, mainly from asia. but also some europe and latin america. you know, i think the chinese economy is in the process of coming in for a soft landing which is incredibly bullish. look, this weekend we got...
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the economy doesn't go in the tank on january 1st or january 2nd. the one potential immediate change is in the social security tax holiday which i never agreed with. we're borrowing money. i think that puts social security at risk. but all of the other tax changes would be for next year's taxes, not this year's taxes. so you don't see that immediate impact. and then the stupid across-the-board cuts, congress should revisit that. we could find reductions of $100 billion that aren't across the board where you cut things that are useful and working well as much as things that are losers and go away. >> so under your theory and that of several ores, there's not as you referred to an economic calamity. but you and i both know for example wall street. we keep hearing these business leaders and so many others are nervous and we could see an immediate reaction there if some type of deal is not reached before january 1st. >> sure. the millionaires and billionaires, they've got a sweet deal now. they will make a lot of noise to say, raise my tax rates and i'l
the economy doesn't go in the tank on january 1st or january 2nd. the one potential immediate change is in the social security tax holiday which i never agreed with. we're borrowing money. i think that puts social security at risk. but all of the other tax changes would be for next year's taxes, not this year's taxes. so you don't see that immediate impact. and then the stupid across-the-board cuts, congress should revisit that. we could find reductions of $100 billion that aren't across the...
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slavery was the basis of the english and the spanish and the french economy in the slave trade and a good clean ann rejected these petitions as the king george. by the time the founding fathers came along, she had almost half a million slaves to be where were they going to go? what could you do with them? they were largely unskilled and there were no opportunities in the south. one application of rolled into another plantation. there were no villages and towns and cities as there were in the north and in the north people could flee their sleeves and there were opportunities in the manufacturing where they could learn the skills and serve as apprentices. the only opportunity for the work or field hands and then when the cotton gin was invented and came in, that i absorbed all of the slaves and the unskilled labor, and you now have instead of the patrician plantation owners coming you now have these rather cool middle-income people buying property and planting the cotton. prior year to that one most of them were against slavery because the slaves competed with them for jobs but unlike
slavery was the basis of the english and the spanish and the french economy in the slave trade and a good clean ann rejected these petitions as the king george. by the time the founding fathers came along, she had almost half a million slaves to be where were they going to go? what could you do with them? they were largely unskilled and there were no opportunities in the south. one application of rolled into another plantation. there were no villages and towns and cities as there were in the...
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taxing the wealthy is not getting this economy back on the road to growth. taxing the wealthy is not a process of addressing our great opportunities and challenges. so as incumbent as it is for the republicans to say, ok, we're going to put revenue on the table, and i think john boehner was crystal clear in his first speech after the election that revenues are on the table, the president needs to step forward and say, here is my grand vision for america. >> especially about the role of government. we'll come back on this after the break with our roundtable. i want to talk as well about the leadership lessons from lincoln. everybody is seeing that movie this weekend. i know i did. what can modern day politicians learn from the great leaders of the past? >>> plus, giving thanks amid the destruction. this picture of hope from the new york area as we start the season back. on monday we'll talk about this and also hear from congressman greg >>> two bodyguards, blue m&mings, what a diva we have on the show tonight. >> i'm sorry. hey, lindsay. you look great. >> th
taxing the wealthy is not getting this economy back on the road to growth. taxing the wealthy is not a process of addressing our great opportunities and challenges. so as incumbent as it is for the republicans to say, ok, we're going to put revenue on the table, and i think john boehner was crystal clear in his first speech after the election that revenues are on the table, the president needs to step forward and say, here is my grand vision for america. >> especially about the role of...
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the economy's weak. remember, two years ago when the democrats controlled all, we were at the same point. >> if you raise rates from 35% to 39.6%, which is what it was during the clinton administration, for those famili families earning more than $250,000, the families and small businesses did quite well in the years of clinton administration whether the rate was 39.6. why not go back to that? >> the economy was stronger then. remember, two years ago when the democrats controlled all? what did the president say? president obama who had nancy pelosi as speaker and reid said don't raise the rates in a down economy. the president says, now, too, looking for that revenue. >> the economy is a little stronger than two years ago. >> i don't know if you've been out there. >> take a look today -- >> a lot of people underemployed, unemployed. half of college students coming out can't find a job. we're at the lowest point of new start-ups in 17 years and the greatest growth to economy and looking to the future, we
the economy's weak. remember, two years ago when the democrats controlled all, we were at the same point. >> if you raise rates from 35% to 39.6%, which is what it was during the clinton administration, for those famili families earning more than $250,000, the families and small businesses did quite well in the years of clinton administration whether the rate was 39.6. why not go back to that? >> the economy was stronger then. remember, two years ago when the democrats controlled...
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everybody below the 2% has been a loser over the last ten years in this economy. median family wages are down 7% after adjustment for inflation. i personally believe globalization, technological change have played a big role. we need to help those people. if those people had been wiped out by a hurricane we would rebuild the houses. they have wiped out by other forces that have come to bear. it's the responsibility for the incomes of the top 2% to -- >> but it's not solved by taking from one and giving to the other. it's solved by growth. >> it's solved by a mix. growth is the most important. sitting here you're going to get growth if you create a predictable, stable fiscal outlook forever the companies to operating it. >> kicking the can is a terrible outcome. we had obama and boehner, cantor and biden, the super committee, the gang of six, the time is now. i believe that the recognition is that the time is now. >> all lower marnlal rates. >> no, and i also believe the legacy for the president is say vibrant economic recovery. >> i agree. >> if there's a politica
everybody below the 2% has been a loser over the last ten years in this economy. median family wages are down 7% after adjustment for inflation. i personally believe globalization, technological change have played a big role. we need to help those people. if those people had been wiped out by a hurricane we would rebuild the houses. they have wiped out by other forces that have come to bear. it's the responsibility for the incomes of the top 2% to -- >> but it's not solved by taking from...
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it is a march towards the central control of the economy. dagen: if we raise more revenue, there will not be a turnaround and they will cut spending. the democrats. >> yes, i am saying it. this is economics 101. more money the government takes from us, the less money we have to invest. the less money we have to invest, the less jobs that will be produced. how do you think we got to the point where half the country is dependent on the government already. dagen: you do not think the proportionally? cut spending >> no. grover norquist has worked towards this and my hat is off to him, i think it is a losing cause. so long as republicans fall for the same nonsense that the democrats have given us. give away money and return for votes. connell: we will run to the markets. we could go all afternoon with this. dagen: just me and the judge. connell: look at this. dagen: take a look at the dow industrials now. we also want to take a look at apple stock, do we not? connell: of 1% today. almost out $580 on the apple stock price. dagen: shibani joshi. yo
it is a march towards the central control of the economy. dagen: if we raise more revenue, there will not be a turnaround and they will cut spending. the democrats. >> yes, i am saying it. this is economics 101. more money the government takes from us, the less money we have to invest. the less money we have to invest, the less jobs that will be produced. how do you think we got to the point where half the country is dependent on the government already. dagen: you do not think the...
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their economy is in the tank. we have not seen any deviation. there is a new report showing that they have increased their centrifuge capacity. i believe one of the reasons for that is because the open split between united states and israel, i am not an expert on israeli politics, but everybody tells me that the prime minister will probably be reelected. the president has just been reelected. it is time that we join with israel as far as iran is concerned and a drop red lines and make sure they understand the solidarity there. if assad moved chemical weapons around, he would have to take action. that would be a red line. asssad interprets that as he can do anything he wants to short of that. that is not a good signal to send to bashar assad. david fromearing -- "the new york times" knows more about than i do. after all, he is the voice. [laughter] anyway, that the administration is now reviewing the entire serious issue. i hope they will bring all of us into those discussions so that we can come up with a policy that all of us can support. i hap
their economy is in the tank. we have not seen any deviation. there is a new report showing that they have increased their centrifuge capacity. i believe one of the reasons for that is because the open split between united states and israel, i am not an expert on israeli politics, but everybody tells me that the prime minister will probably be reelected. the president has just been reelected. it is time that we join with israel as far as iran is concerned and a drop red lines and make sure they...
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between now and christmas, many shoppers report they'll be more cautious, concerned about the economy and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but rep
between now and christmas, many shoppers report they'll be more cautious, concerned about the economy and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached...
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economy. what's happening in the u.s. economy? it slowly is healing job market is starting to filter into sentiment. and the housing market is showing some notable signs of improvement. this week we're going to hear more on the housing market. manufacturing sector, also some consumer data. we're going to get some fed regional reports from the federal reserve. also going to get a gauge of gdp, gross domestic product. gdp is the broadest gauge of economic growth. prior quarter was something like 2%, not great. we think that maybe they're going to think this quarter was more like 2.8%, which would show, again, that healing in the market overall. a quick focus for you on the housing market. this is something you probably felt most directly. in part because we have record low mortgage rates. last year the 30-year fixed fell to 3.31%. the 15-year fixed, this is the popular refinancing tool, 2.63%. many of you are telling me you can't qualify. i'm telling you, these rates are going to stay low for a long time so you should try to repair
economy. what's happening in the u.s. economy? it slowly is healing job market is starting to filter into sentiment. and the housing market is showing some notable signs of improvement. this week we're going to hear more on the housing market. manufacturing sector, also some consumer data. we're going to get some fed regional reports from the federal reserve. also going to get a gauge of gdp, gross domestic product. gdp is the broadest gauge of economic growth. prior quarter was something like...
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raising taxes is bad for the economy. we ought to be growing the economy. if we grew -- >> you're wearing me out today, grover. i hear you. would you target someone? >> we would certainly highlight who has kept their commitment and who hasn't. but the point is historically the people who lose do so because the people in their state have figured that out. look, two quick things. we ought to have these negotiations in front of c-span cameras. >> i support that. >> so that not just you have me on here saying shouldn't you raise taxes, you should ask the obama administration for four years, you've done no entitlement reform. put something on the table. >> i'd like to see how all the negotiations are done. i support that. what's your second thing? >> on c-span, cnn can be there, too. secondly, when it's finished, when it's decided, write it down. put it online for seven days. so the american people can read it. don't t.a.r.p. us again, rush us and say, sign this, sign this. it's really good. let the american people read it. if we do those two things lindsey grah
raising taxes is bad for the economy. we ought to be growing the economy. if we grew -- >> you're wearing me out today, grover. i hear you. would you target someone? >> we would certainly highlight who has kept their commitment and who hasn't. but the point is historically the people who lose do so because the people in their state have figured that out. look, two quick things. we ought to have these negotiations in front of c-span cameras. >> i support that. >> so that...
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economy. why do we outsource our borrowing and outsource our interest paid? let american citizens land and gather the interest. -- lend and gather the interest. guest: that is an interesting suggestion, trying to focus on long-term financing at low rates of interest to citizens of america. in congress folks an would take a look at it. interest rates are lower than they have been. it hurts savers and help to borrowers. interest rates will not stay low forever because we will get higher interest rates and higher inflation as well. the amount of debt is so great right now that if we did not have the chinese and others buying our debt, interest rates would probably be up considerably because we couldn't sell it anywhere else. that is one of the reasons we have to deal with this problem over not just the longer term, the shorter term as well. host: lauren, burnside, kentucky, democrats like to welcome to "washington journal." caller: yes, i and disabled. when i did work -- i am disabled. when i did work, i was in social work in texas. i wore many hats. i work in s
economy. why do we outsource our borrowing and outsource our interest paid? let american citizens land and gather the interest. -- lend and gather the interest. guest: that is an interesting suggestion, trying to focus on long-term financing at low rates of interest to citizens of america. in congress folks an would take a look at it. interest rates are lower than they have been. it hurts savers and help to borrowers. interest rates will not stay low forever because we will get higher interest...
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>>guest: well, there are two ways you can damage the economy. one is to increase marginal tax rates, everyone knows the small business groups, it would kill 700,000 jobs off the bat, probably worse. the other thing is to eliminate $1 trillion, not talking about a few deductions, but talking about $1 trillion worth of deductions and credits which is what the other team wants. if you do this you have killed tax reform for a generation. how do you get the rates down if you don't have the deductions and credits. what obama is hoping to do is raids spend the money, kill tax reform for individuals. >>neil: what do you do, the house majority leader and others, talking increasingly about this as an option despite what you are saying, are you going to want to exact punishment on them in two years? >>guest: it is, there have been some folks whose pictures you put up there some of them have engaged in impure thoughts and they have not actually voted for a tax increase, be clear. cantor and speaker boehner have said they want revenues from economic growth.
>>guest: well, there are two ways you can damage the economy. one is to increase marginal tax rates, everyone knows the small business groups, it would kill 700,000 jobs off the bat, probably worse. the other thing is to eliminate $1 trillion, not talking about a few deductions, but talking about $1 trillion worth of deductions and credits which is what the other team wants. if you do this you have killed tax reform for a generation. how do you get the rates down if you don't have the...
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last presidential campaign the president made very clear that his number one focus was jobs and the economy and also having a long-term plan to reduce the deficit in a balanced way and that means in addition to cuts you would also have revenue, revenue that you get by asking higher income earners to pay a little bit more to reduce the deficit and so the president was really clear in the campaign and i think it is really important that he take that discussion to the country now because he has said to the congress, the president said to the congress, just extend immediately all the middle class tax cuts and then we can decide what to do with folks at the higher end. again, it is important to understand the president has proposed that everybody get continued tax relief, existing tax rates, on the first $250,000 of family income, so he says let's extend that for everybody right now, but he believes we should ask higher income individuals to pay a little bit more. >> house majority leader eric cantor was on morning joe talking about the grover norquist tax pledge and whether he like other republ
last presidential campaign the president made very clear that his number one focus was jobs and the economy and also having a long-term plan to reduce the deficit in a balanced way and that means in addition to cuts you would also have revenue, revenue that you get by asking higher income earners to pay a little bit more to reduce the deficit and so the president was really clear in the campaign and i think it is really important that he take that discussion to the country now because he has...
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make these decisions, and in january, we'll see an economy that will take off. we can focus on the greatness of this country january 1st if we'll go ahead and do the work that we all know we have plenty of time to get done this year. >> senator corker norah o'donnell. >> let's talk about the specifics of your plan. everybody acknowledges you need about $4 trillion in deficit reductions. you don't want to raise taxes, additional revenue by simply capping deductions at $50,000. >> right. >> independent analysis by the tax policy center says that only gets you about $760 billion. it's not enough money. how do you get more revenue? >> well the package that i've laid out has over $1 trillion in revenues that has the 750 you just alluded to but we also do chained cpi, and in that you not only reduce the rate which benefits growth but moves people into brackets more quickly. also social security was set up to capture 90% of the wages in our country. now it's at 84%. move that up gradually through 2050, it generates a lot more revenue. there's over $1 trillion in this p
make these decisions, and in january, we'll see an economy that will take off. we can focus on the greatness of this country january 1st if we'll go ahead and do the work that we all know we have plenty of time to get done this year. >> senator corker norah o'donnell. >> let's talk about the specifics of your plan. everybody acknowledges you need about $4 trillion in deficit reductions. you don't want to raise taxes, additional revenue by simply capping deductions at $50,000....
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i don't think that's going to wreck the economy. and i think there are a lot of republicans that are saying what a few of us were saying after the election. bill kristol said it. so tell me again, why are we fighting and risking our majorities, protecting billionaires that are hedge fund guys who are paying 14% tax rates? >> walk two blocks from this street, fifth avenue between this building and 57th street, and the storefronts on fifth avenue. anybody who can go into those storefronts and purchase things in those storefronts are not going to be damaged by these tax reforms that we've been talking about. they're not going to be damaged. >> by the way, the storefronts aren't going to be damaged by raising capital gains rates from 15% to 20%. i want everybody to be rich. i'm a capitalist. i want everybody to make $250,000. barack obama says that's rich. whatever. i want everybody -- i love people being successful in this country, but again, if you're making billions of dollars, again, there's something immoral, mika, about these peop
i don't think that's going to wreck the economy. and i think there are a lot of republicans that are saying what a few of us were saying after the election. bill kristol said it. so tell me again, why are we fighting and risking our majorities, protecting billionaires that are hedge fund guys who are paying 14% tax rates? >> walk two blocks from this street, fifth avenue between this building and 57th street, and the storefronts on fifth avenue. anybody who can go into those storefronts...
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if you raise rates that will impact jobs, that will impact the economy in a devastating way. that's why i don't think you see any republicans moving on that. jon: doug, what do you think about that? >> well the rates we're talking about raising they would go back to where they were under president clinton and during the '90s i think most people would agree we had a pretty strong economy. certainly stronger on that the one george bush and liz cheney's dad brought us. look at the end of the day, you know this is going, it will have to be balanced and to get to $4.4 trillion, that is the kind of target number that the president has put out there you can't just do it on spending cuts. i'm not sure if you can do it just on capping deductions. that is what these guys are paid big bucks for to figure out. sit at table, do the arithmetic, get a final deal. jon: we had 9/11 during the bush administration and that had huge impact on economy and wars after it. doug and ron, thank you both. we started a question about the discussion of grover norquist. he will be neil cavuto's guest on "
if you raise rates that will impact jobs, that will impact the economy in a devastating way. that's why i don't think you see any republicans moving on that. jon: doug, what do you think about that? >> well the rates we're talking about raising they would go back to where they were under president clinton and during the '90s i think most people would agree we had a pretty strong economy. certainly stronger on that the one george bush and liz cheney's dad brought us. look at the end of the...
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hey, everyone needs to pay more, we need to look at things we can do to flatten the code, to grow the economy, why would you tell people they have to pay more, small businesses, individuals, before -- >> make them pay more by getting hatch the deductions. >> it makes it flatter and fairer and supports economic growth and stops picking winners and losers in some cases. we've been here in the '80s and put the revenue first. said, hey, we'll agree to the spending cuts that come down the road and most never materialized. we had the deficit reduction in graham rudman. >> we know the rates we had under clinton we had the best economy of the past 50 years. we can go back to those rates. >> i want to talk about both of your parties. brad woodhouse, one thing we have learned is when barack obama is on the ballot, there is a coalition that helps democrats win a lot of elections. when he's not on the ballot, the one time that he was head of the party but not on the ballot, the party got shellacked. >> we were facing 10% unemployment. we had this debate over health care. one of the things we learned in t
hey, everyone needs to pay more, we need to look at things we can do to flatten the code, to grow the economy, why would you tell people they have to pay more, small businesses, individuals, before -- >> make them pay more by getting hatch the deductions. >> it makes it flatter and fairer and supports economic growth and stops picking winners and losers in some cases. we've been here in the '80s and put the revenue first. said, hey, we'll agree to the spending cuts that come down...
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steps once again and now, reasons including challenges live dealing with hurricane sandy and the stuff economy and people looking to the pulpit for answers. >> now, granted jesus returns us to good. >> growing up. scott saw attending church more of a chore. and what religion experts say what young adults do, he put his parent's religion out of his life. >> and the typical age, 18, 19, 20 and students, both men and women were dissatisfied perhaps with the spiritual churches. >> what numbers did you come up with. >> years later scott came back. >> and i had what prayer relationship with god. it wasn't a church thing, but. >> and rubble life study. >> they man begin to come back for nostalgic reasons and there are individuals who say i like the way religion is. >> and some say it's a family, a tough patch. >> for me personally when things look down, i look up. >> you know, harris, there's been early things in organizations to coax workers back to the fold. a few catholic dioces run adults to keep reverts and rabbis, hebrew for a new generation. >> harris: how about that, thank you, dominic, good
steps once again and now, reasons including challenges live dealing with hurricane sandy and the stuff economy and people looking to the pulpit for answers. >> now, granted jesus returns us to good. >> growing up. scott saw attending church more of a chore. and what religion experts say what young adults do, he put his parent's religion out of his life. >> and the typical age, 18, 19, 20 and students, both men and women were dissatisfied perhaps with the spiritual churches....
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warnings from the congressional budget office that the tax hikes now about to take place could throw the economy back into recession. two million more americans could be left out of a job and most troubling of all according to the pentagon, the country's national security would be in serious jeopardy. if congress and the white house do not act. chris stirewalt is our fox news digital politics editor p.o.w. or play on foxnews.com. they cut the deal that put the automatic spending cuts in place and these automatic tax hikes in place thinking this will never happen. they went back, said all right, now that we have it in place let's try to fix it. well they failed. there wasn't the political will to deal with it at the time they passed. there wasn't the political will at the time they tried to deal with it and it was a complete political debach kill. now you have some people saying let it happen. the let's see what happens. we may be in a better negotiating pitch if we let it happen and american people are the ones who are going to pay. >> well, megyn, these are not just rank-and-file democrats talk
warnings from the congressional budget office that the tax hikes now about to take place could throw the economy back into recession. two million more americans could be left out of a job and most troubling of all according to the pentagon, the country's national security would be in serious jeopardy. if congress and the white house do not act. chris stirewalt is our fox news digital politics editor p.o.w. or play on foxnews.com. they cut the deal that put the automatic spending cuts in place...
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we are here part of our road trip speaking about the economy, the fiscal cliff. now that the election is over, we're here with mark. we're going to give all your information later, but if i say your name and company, people are going to know where we are. we're not going to give that. you run a marketing company and a branding firm. how has your business gone now that the election is over and as we head toward the fiscal cliff? >> well, our business has been robust and continues to be robust. so far, it hasn't been impacted at all. we're actually looking forward to a pretty good 2013. >> are your clients saying, hey, mark, i want to give you more business, but i'm worried about this fiscal cliff thing. i'm worried about taxes, worried about the economy. are you hearing that at all? >> well, we haven't heard specifically from our clients. and we handle a lot of global brand brands. but i have heard it from other ceos in the region. they're tapping the brakes and not investing to the degree they would have. >> the big companies would hire you to do branding and mar
we are here part of our road trip speaking about the economy, the fiscal cliff. now that the election is over, we're here with mark. we're going to give all your information later, but if i say your name and company, people are going to know where we are. we're not going to give that. you run a marketing company and a branding firm. how has your business gone now that the election is over and as we head toward the fiscal cliff? >> well, our business has been robust and continues to be...
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give me how the economy is impacted by the rates as opposed to what they are saying. >> well, it's a very important question because the argument underlying the republican position is that if you increase the tax rate on the top 2% of households, you'll somehow bring the economic recovery to its knees. well, in fact, that's basically supply side trickle down economics which we've seen time and again is a complete hoax and most recently we have the congressional budget office, the nonpartisan score keeper, telling us that -- allowing those tax rates to expire just at the tippy top there would have no impact on growth next year. so they don't have that. you don't even hear them talking about that anymore. so now they have this vague notion that, yeah, we want to put revenues on the table but not through rates. it has to be through broadening the base. now, if you press them, exactly where are we going to broaden the base, guys and gals in they tell you what they are going to take off the table, not what they are going to put on. >> so they are not serious as far -- if the top 2%, accor
give me how the economy is impacted by the rates as opposed to what they are saying. >> well, it's a very important question because the argument underlying the republican position is that if you increase the tax rate on the top 2% of households, you'll somehow bring the economic recovery to its knees. well, in fact, that's basically supply side trickle down economics which we've seen time and again is a complete hoax and most recently we have the congressional budget office, the...
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we're trying to help the economy. so unless i can be convinced that raising tax rates will be beneficial, then obviously i think there is reason and grounds for my position. >> but other republicans have signaled a willingness to break their pledge to raise revenues. senator lindsey graham speaking on one of the talk shows over the weekend said he's willing to entertain closing tax loopholes and deductionses, but only with the commensurate deeply painful cuts from the democrats. here he is. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> let me salute lindsey graham. what he just said about revenue and taxes needs to be said on his side of the i'll. we need to be honest on our side of the aisle and as we did under bowles simpson, put everything on the table. >> but when asked if he'd be willing to reform social security, senator durbin says social security doesn't add one penny to the debt. that it's a separately funded operation. one final
we're trying to help the economy. so unless i can be convinced that raising tax rates will be beneficial, then obviously i think there is reason and grounds for my position. >> but other republicans have signaled a willingness to break their pledge to raise revenues. senator lindsey graham speaking on one of the talk shows over the weekend said he's willing to entertain closing tax loopholes and deductionses, but only with the commensurate deeply painful cuts from the democrats. here he...
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in fact i'd say there's a great uncertainty that's just hanging over the entire economy because we're not confident that our guys can govern anymore. there's a lot of money on the sidelines that people are willing to invest. people like me just aren't hiring now because we're not confident they can do it. >> so i mean you've heard that. i'm sure you've heard that from business and this is one of the business leaders that's been talking to the white house and trying to get them to be more flexib flexible. what taxes do you think we're going to end up with? you've been through it round and round as you said. are we going to end up with a different capital gains tax rate? >> first of all, dave, i've had dinner with dave and multiple meetings with him. i couldn't agree more with him. and that's why, andrea, we have plenty of time to make these decisions. it's just a matter of doing it. we can do it in two or three weeks. candidly they can be made in two or three days. it's easy to put this policy into writing. i've demonstrated that with a bill. but what dave is saying is if we would just
in fact i'd say there's a great uncertainty that's just hanging over the entire economy because we're not confident that our guys can govern anymore. there's a lot of money on the sidelines that people are willing to invest. people like me just aren't hiring now because we're not confident they can do it. >> so i mean you've heard that. i'm sure you've heard that from business and this is one of the business leaders that's been talking to the white house and trying to get them to be more...
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. >> on the other hand, there is a big boost to the economy because of black friday. >> there you go. >> except for the stuff that was -- >> stephanie: although the black president will get no credit. [ ♪ circus ♪ ] >> see what you did there. >> stephanie: you know how one holiday is over and the next one -- julie in seattle reminds us, war on christmas season is officially open. it is fox news warren christmas season. >> they're losing their [ bleep ] the whole benghazi thing isn't working out for them. >> the susan rice thing is petering out. >> stephanie: yes. oh dear. steph, deck the halls with simmering resentment and bitterness over the imaginary days gone by when everyone was white christian and happy happy, happy until the christmas lights came down. friday morning, fox on on some idiot story about the nativity scene. we have a guest to quote. [ ♪ "jeopardy" theme ♪ ] who said it is christmas all over again. the grinch is trying to steal our holiday. it has been so beautiful the nation comes together. we sing christmas carols. we have lighted trees. it is a beautiful t
. >> on the other hand, there is a big boost to the economy because of black friday. >> there you go. >> except for the stuff that was -- >> stephanie: although the black president will get no credit. [ ♪ circus ♪ ] >> see what you did there. >> stephanie: you know how one holiday is over and the next one -- julie in seattle reminds us, war on christmas season is officially open. it is fox news warren christmas season. >> they're losing their [...
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Nov 26, 2012
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economy. >> retail spending is extremely important for the economy. as you mentioned, consumption accounts for 70% of our gross domestic product. >> some insiders also say cybermonday is losing its luster since many deals offered today have been available all weekend long. more and more shoppers are going online with their phones or tablets as they shop inside to stores. >>> just into us here to cnn, news on new jersey governor chris christie. paul steinhauser, to you in washington. what's the news? >> the news is he just filed papers, brooke, to seek re-election. today chris christie signed papers, a formality, lets him to set up a campaign structure. most thought he would run for re-election, but wasn't a guarantee. now it is. he's running for re-election. chris christie, very popular person among republicans. and you saw a lot of them in last year as they topped surrogate for mitt romney. his decision was delayed a little bit because of superstorm sandy, even he admit to reporters that because of the destruction from sandy to his state, he had to p
economy. >> retail spending is extremely important for the economy. as you mentioned, consumption accounts for 70% of our gross domestic product. >> some insiders also say cybermonday is losing its luster since many deals offered today have been available all weekend long. more and more shoppers are going online with their phones or tablets as they shop inside to stores. >>> just into us here to cnn, news on new jersey governor chris christie. paul steinhauser, to you in...
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Nov 26, 2012
11/12
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. but lately she's been coming in with less gray than usual. what's she up to? [ female announcer ] root touch-up by nice'n easy has the most shade choices, designed to match even salon color in just 10 minutes. with root touch-up, all they see is you. designed to match even salon color in just 10 minutes. trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum. so that when you find the job you want you'll be a perfect fit. let's get to work. >>> this morning on rossen reports, new warnings about bounce houses kids love. jeff rossen is here with more on this, good morning. >> good morning, all of our ears perking up, including me. i bring m
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. but lately she's been coming in with less gray than usual. what's she up to? [ female announcer ] root touch-up by nice'n easy has the most shade choices, designed to match even salon color in just 10 minutes. with root touch-up, all they see is you. designed to match even salon color in just 10 minutes. trying to find a...
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Nov 26, 2012
11/12
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this is about growing our economy. how? by allowing to have opportunity for hunters and fishermen for outdoor activists to go out there and utilize the great outdoors this country has to offer. montana and throughout this country. we're losing habitat every day. we have lost access to habitat for hunting and fishing and hiking. this bill will fix that. and i will go back to the point that senator sessions made. when i go back home, folks are talking to me about the debt. they're talking to me about the deficit. they're asking what we can do to fix it. and, quite frankly, this is one of the those things we can do to fix it. by increasing opportunities for our outdoorsmen and women in this country, we have the opportunity to increase our economy in a very, very positive way. like i say, we can talk about the duck stamps. those dollars go in to be used for promoting opportunities in duck hunting. those moneys will not be going into funding the war in afghanistan. they're going to be money in basically goes out for a specific p
this is about growing our economy. how? by allowing to have opportunity for hunters and fishermen for outdoor activists to go out there and utilize the great outdoors this country has to offer. montana and throughout this country. we're losing habitat every day. we have lost access to habitat for hunting and fishing and hiking. this bill will fix that. and i will go back to the point that senator sessions made. when i go back home, folks are talking to me about the debt. they're talking to me...